Asked by Pranjul Gupta
What is the inflation rate? If GDP deflator rises from 100 in year 1 to 107
in year 2 and 115 in year 3, what will be the inflation rate between year 1
and year 2 and between year 2 and year 3? Also, if the nominal interest
rate is 9 % pa during all years, what are the corresponding real rates of
interest
in year 2 and 115 in year 3, what will be the inflation rate between year 1
and year 2 and between year 2 and year 3? Also, if the nominal interest
rate is 9 % pa during all years, what are the corresponding real rates of
interest
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